The contract marks the latest boost in crude oil transfers at the Port of Albany, which also is seeing an expansion in scrap metal and other shipments.

Canadian Pacific Railway already is transporting shale crude from the Bakken field in North Dakota to the port.

Global announced its plans to purchase a 60 percent stake in Basin Transload LLC, which operates the North Dakota facility where the crude is loaded onto tanker trains.

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"Today, Global's capacity to move product by rail to our Albany terminal is approximately 160,000 barrels a day," said Eric Slifka, Global's CEO and president. "While the Phillips 66 agreement provides Global with the stability and certainty of crude oil flows through the Basin Transload facilities for the next five years, we continue to maintain ample capacity to supply crude oil to other refiners.

"In January 2013 we expect to move an average of more than 100,000 barrels a day by rail through our Albany facility," Slifka said.

The movement of crude through the Port of Albany by Global Partners and by Buckeye Partners, which also operates a terminal there, has boosted shipping traffic out of the port.

The effort suffered a setback last month when a tanker carrying crude from the Buckeye terminal, destined for Irving Oil Co.'s refinery in St. John, New Brunswick, ripped two holes in its outer hull after striking something in the river just three miles into its maiden trip from the port. No oil was spilled, and the tanker is undergoing repairs.

Plans by Owego-based Upstate Shredding-Ben Weitsman for a scrap terminal at the port are moving ahead, with the first equipment arriving in Albany.

In an interview last October, owner Adam Weitsman, whose grandfather was Ben Weitsman, said the new terminal, a $15 million to $20 million project, would handle four ships a month carrying scrap from Albany.

The new terminal, to be called Ben Weitsman of Albany, is expected to employ 60 people, Weitsman said at the time.

The port moves heavy-lift cargo from the General Electric Co. plant in Schenectady that makes generators and steam turbines.

And on Tuesday, a ship bound for Saudi Arabia was loading pipes for a new gas line at the oil-rich nation, as well as generating equipment from GE.